During ________,even though prices decline,spending slows because consumers expect prices to continue to decline.
A)deflation
B)depreciation
C)appreciation
D)economic recovery
E)inflation

Question

Quizplus · Accepted Answer

Deflation is characterized by falling prices, and during such periods, consumers may delay purchases in anticipation of further price declines, leading to reduced spending.

During ________,Even Though Prices Decline,spending Slows Because Consumers Expect Prices